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MetroPCS reiterates its 2008 subscriber outlook



By AP
05 November 2008 @ 08:34 am EST

DALLAS - MetroPCS Communications Inc. reaffirmed its 2008 subscriber addition forecast Wednesday after reporting its third-quarter profit slipped due to increased operating expenses.

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The cell phone company still expects full-year net subscriber additions between 1.25 million and 1.52 million, on a consolidated basis.

For 2009, MetroPCS anticipates net subscriber additions in a range of 1.4 million to 1.7 million.

MetroPCS provides flat monthly rates, no contract and unlimited minutes where it offers service.

It reported Wednesday earnings fell to $45 million, or 13 cents per share, for the three months ended Sept. 30 from $53 million, or 15 cents per share, a year earlier. Revenue increased 23 percent to $687 million from $557 million.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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